Investment/Retirement Plan

Got this info from an agent. You may want to consider them.

Updates on our 2008 GOAL

As promised... we'll be reviewing our GOALs at least once a month and below is the status:

1. May not happen due to stock market recession. This may be pushed out to next year but we are still keeping our fingers cross. The fund from SLVL are still intact.

2. DONE - form Submitted last 01/28/08. Deduction will start this February.

3. DONE with Philam. Met with an agent last Saturday. We're reviewing the papers now. We are to sign-up for a retirement plan within this month. Still thinking of getting in touch with a Sunlife agent.

4. Hmmm... no comment. The retirement plan we're reviewing right now already includes a life insurance.

5. Religiously following it.

6. This blog entry is the proof. Hope I can keep my promise about it. Hehehe.

In summary, we're still in good shape except for #1. But still, according to Colayco Book, we can still consider it as a GOOD DEBT. Need not to worry much.

RECESS

When I was in elementary and highschool.... i love RECESS time.

Now that I'm working... i hate RECESSION.

Waah... Recession na naman daw.
Sayang... I was not able to take advantage of the upturn.

My supposed to be sale of company stock is now down by 70%.

Lagot.... looks like our #1 2008 Financial Goal will be affected.
We need to create a back-up plan and keep our fingers cross...

Shaken

Waah...
I've been shaken.... by the market...
it's so so down.. Hehehe.
I just told myself...
for now...
I am not a trader...
I am an investor.

Thanks to Sherwin for the concrete definition of these 2 terms.

Goal for 2008

I've read from Money Smart and Guerrilla Investing blogs the need for a financial goal at the start of the year. These goals must be SMART as per Nina's comment in the Money Smart Blog.

S - specific
M - measurable
A - attainable/achievable
R - relevant
T - time-bounded

Hubby and I just discussed them inside the car on our way home. This is good. I just used to do it by myself and hubby juz got surprise that nothing is left for him. Hehehe. Anyway, need to write them now before I totally forget them. Here are our Goals:

1. Pay off Debt (Zero out our Housing Loan from Pag-ibig. This is doable as per our computation. Funds will be coming from: a. hubby's stock sale early this year(espp, rsu, options) - 48%, b. Hubby's espp stock sale by mid of this year - 9%, C. Monthly Amortization until end of this year - 18% , D. Apartment Rental - 21%, E. SL/VL Conversion - 6%.

2. Increase our individual coop deduction by 500php by February this year.

3. Get in touch with a Sunlife and Philam agent for our planned Life Insurance and Retirement Plan to study their plans.

4. Only hubby will get a Life Insurance. We based it from the books we read.

5. Bonuses - 10% will be kept for savings, 10% for sharing, 80% bonus for ourselves - dine out and wants.

6. Review our goal at least once a month.

New Books

Bought 2 sets of these books during the promo period. Shipping was free so what more can I ask for? Got each set @ 750php. One set was given as xmas gift to my sister's bf while the other set is for us and I am now reading the 1st book.

Not bad huh?!

Peso & Stock Market

Philippine peso is getting stronger but the Philippine market is going down.....
A big big sigh....

what seems to be the problem?